Archive for August 2010
Development of Upscale Apartment Project Atop Manhattan Hotel Reaches Completion
New York–Beatrice occupies the top 30 floors of the tower at 105 West 29th St. in Manhattan’s Chelsea neighborhood.
Read MoreDEAL OF THE DAY: George Smith Arranges Interest-Only Financing, Finds Buyer for Borrower
Redlands, Calif.–George Smith Partners arranged $12.8 million in Freddie Mac financing and a $16.6 million sale for a 198-unit, Class B multifamily property in Redlands, Calif., announces David Rifkind and Steve Bram, principals and managing directors of George Smith Partners.
Read MoreWhat Renters Want – New York City
MHN talks to renters in New York City about what they look for in an apartment.
Read MoreMyNewPlace Names Gary Parkhurst as VP of Sales
San Francisco–Gary Parkhurst has been appointed as the new vice president of sales at MyNewPlace. In this role, Parkhurst will provide strategic leadership to the sales team and facilitate new business in an effort to increase revenue by driving sales through the company’s core listing products on MyNewPlace.com. Throughout his career, Parkhurst served in a…
Read MoreSummer Proves an Unusually Busy Season for Brooklyn Condo Project
New York, N.Y.–Closings have gotten underway at The Edge.
Read MoreMoore Design Group Creates Boutique Hotel Atmosphere for The Carlton in Houston
The multifamily industry is feeling the effects of increased competition. Smart money is placing its bets on creating opportunity through cosmetic improvements.
Read MoreHome Sales Drastically Drop; Lowest in Over a Decade
Washington, D.C.–The first time homebuyer tax credit expired in May, and as expected, existing-home sales were sharply down in July, according to the National Association of Realtors.
Read MoreSummer Proves an Unusually Busy Season for New 565-Unit Brooklyn Condo Project
New York, N.Y.–Closings have gotten underway at The Edge.
Read MoreDEAL OF THE DAY: NorthMarq Arranges $24M Refi which Retires $18M of Existing Debt; Borrower Opts for Prepay to Take Advantage of Low Interest
Edgewater, Fla.–Andy Moses, senior vice president and senior director of NorthMarq Capital’s Orlando Regional office, and Melissa Marcolini-Quinn, assistant vice president and senior investment analyst, arranged first mortgage financing of $24 million for Hacienda Del Rio, a 730-pad manufactured housing complex located here.
Read More